HKMA Issues Forms for Making Disclosures Under Parts 2A and 8 of BDR
HKMA published a set of standard disclosure templates and tables, also known as standard forms, (together with the associated explanatory notes) pursuant to sections 6(1)(ab) and 88(1)(b) of the Banking Disclosure Rules (BDR). These standard disclosure forms are to be used by authorized institutions for the purpose of making disclosures under Parts 2A and 8 of the BDR.
The standard forms are specified for use by locally incorporated authorized institutions, except for those in relation to liquidity information (that is, Templates LIQ1, LIQ2, and Table LIQA), which are also applicable to the overseas incorporated authorized institutions, subject to the relevant liquidity requirements under the Banking (Liquidity) Rules. The standard templates and tables specified by HKMA on March 30, 2017 (first-phase templates) will continue to be applicable save for Template OV, which will be superseded by the revised version of the template in the standard forms.
The standard forms are specified for use by authorized institutions for their first interim disclosure (including their quarterly disclosure for the second quarter ending on the same date as their first interim reporting period) of any financial year starting on or after January 01, 2018, with the exception of Template IRRBB1 and Table IRRBBA, which are only applicable for any annual reporting period ending on or after June 30, 2019. Before that date, Table IRRBB will be used for disclosure of interest rate risk in the banking book. The English versions of the standard forms, along with a few alignment adjustments to certain first-phase templates necessitated by the revision to Template OV1 and the implementation of the revised securitization framework, which took effect on January 01, 2018, can be accessed through the “Key Functions – Banking Stability – Implementation of International Standards – Disclosure” icons on the HKMA website.
Keywords: Asia Pacific, Hong Kong, Banking, Basel III, Pillar 3, Disclosures, Reporting, HKMA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
IMF Publishes Report on 2018 Article IV Consultation with HungaryRelated Articles
PRA Publishes Q&A on Property Valuation Requirements Under CRR
PRA published a set of questions and answers (Q&A) covering common queries regarding residential and commercial property valuations, for the purpose of the Capital Requirements Regulation (CRR), during the period of disruption caused by COVID-19 pandemic.
EBA Publishes Guidelines on Loan Origination and Monitoring
EBA published guidelines on loan origination and monitoring, which bring together prudential standards and consumer protection obligations, along with the anti-money laundering and the Environmental, Social, and Governance (ESG) considerations.
EBA Proposes Revised Standards for Own Funds and Eligible Liabilities
EBA published a consultation paper on the draft amended regulatory technical standards on own funds and eligible liabilities.
EBA Sets Out Supervisory Convergence Plan for 2020
EBA published a report on convergence of supervisory practices in 2019.
IOSCO Consults on Outsourcing Principles for Operational Resilience
IOSCO proposed updates to its principles for regulated entities that outsource tasks to service providers.
MAS Consortium to Develop AI Fairness Metrics for Credit Scoring
MAS announced that the first phase of the Veritas initiative will commence with the development of fairness metrics in credit risk scoring and customer marketing.
BoE Updates Definitions for BTL Data Collection
BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item.
FSI Examines Financial Stability Implications of Payment Deferrals
FSI published a brief note that examines challenges facing the banking sector as a result of the payment deferral programs put in place to support borrowers affected by the COVID-19 pandemic.
RBNZ Publishes Financial Stability Report for May 2020
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
PRA Finalizes Policy on Prudent Person Principle Under Solvency II
PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.
